Flag Azerbaijan / Georgia Flag

Exports Flag β†’ Flag  (2018): $492M, Rnk 12 / 116

Top Product Flag β†’ Flag (2018): $266M, Petroleum Gas

Exports Flag β†’ Flag (2018): $498M, Rnk 1 / 143

Top Product Flag β†’ Flag (2018): $188M, Cars

Economic Complexity of Flag (2018): ECI -0.53, Rnk 91 / 137

Economic Complexity of Flag (2018): ECI 0.037, Rnk 63 / 137

GDP Flag (2018): $46.9B, CURRENT US$
Rnk 89 / 196

GDP GROWTH Flag (2008-2018): -3.92%, CURRENT US$
Rnk 177 / 196

GDP Flag (2018): $17.6B, CURRENT US$
Rnk 118 / 196

GDP GROWTH Flag (2008-2018): 37.6%, CURRENT US$
Rnk 102 / 196

GDP PC Flag (2018): $4,721, CURRENT US$
Rnk 111 / 196

GDP PC GROWTH Flag (2008-2018): -15.3%, CURRENT US$
Rnk 175 / 196

GDP PC Flag (2018): $4,717, CURRENT US$
Rnk 112 / 196

GDP PC GROWTH Flag (2008-2018): 41.9%, CURRENT US$
Rnk 56 / 196

Azerbaijan-Georgia: In 2018, Azerbaijan exported $492M to Georgia. The main products exported from Azerbaijan to Georgia were Petroleum Gas ($266M), Refined Petroleum ($99.6M), and Cement ($14.6M). During the last 22 years the exports of Azerbaijan to Georgia have increased at an annualized rate of 8.61%, from $80M in 1996 to $492M in 2018. In 2008, Azerbaijan exported services to Georgia worth $29.7M, with Transportation ($13.1M), Construction services ($10M), and Services not allocated ($5.69M) being the largest in terms of value.

Georgia-Azerbaijan: In 2018, Georgia exported $498M to Azerbaijan. The main products exported from Georgia to Azerbaijan were Cars ($188M), Rolled Tobacco ($99.1M), and Packaged Medicaments ($32.3M). During the last 22 years the exports of Georgia to Azerbaijan have increased at an annualized rate of 13.6%, from $30M in 1996 to $498M in 2018.

Comparison: In 2018, Azerbaijan ranked 91 in the Economic Complexity Index (ECI -0.53), and 73 in total exports ($19.9B). That same year, Georgia ranked 63 in the Economic Complexity Index (ECI 0.037), and 121 in total exports ($3.82B). In terms of GDP Per Capita, Azerbaijan was ranked 111 with a GDP Per Capita of $4,721, and Georgia was ranked 112 with a GDP Per Capita of $4,717.

Bilateral Trade by Products

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Depth
Value

In 2018, Azerbaijan exported $492M to Georgia. The main products exported from Azerbaijan to Georgia were Petroleum Gas ($266M), Refined Petroleum ($99.6M), and Cement ($14.6M). During the last 22 years the exports of Azerbaijan to Georgia have increased at an annualized rate of 8.61%, from $80M in 1996 to $492M in 2018.

In 2018, Georgia exported $498M to Azerbaijan. The main products exported from Georgia to Azerbaijan were Cars ($188M), Rolled Tobacco ($99.1M), and Packaged Medicaments ($32.3M). During the last 22 years the exports of Georgia to Azerbaijan have increased at an annualized rate of 13.6%, from $30M in 1996 to $498M in 2018.

Market Competitiveness

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Measure

Azerbaijan
Top Destination
: Italy, $5.99B

Georgia
Top Destination
: Azerbaijan, $498M

This map shows whether countries import more from Azerbaijan or Georgia. Each country is colored based on the difference in imports they receive from Azerbaijan and Georgia or the difference in the growth in imports.

In 2018, countries that imported more from Azerbaijan than Georgia were Italy ($5.99B), Turkey ($1.85B), and Israel ($1.31B).

In 2018, countries that imported more from Georgia than Azerbaijan were Bulgaria ($320M), Armenia ($267M), and China ($216M).

Comparative Advantage Azerbaijan - Georgia

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Depth

This chart compares trade between Azerbaijan and Georgia by product, considering products traded by both, Azerbaijan and Georgia.

During 2018, Azerbaijan had a large net trade with Georgia in the exports of Mineral Products ($397M), Metals ($18.8M), and Machines ($15.6M).

During 2018, Georgia had a large net trade with Azerbaijan in the exports of Transportation ($204M), Foodstuffs ($121M), and Chemical Products ($45.9M).

Trade Forecasts

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This section shows a forecast for total trade between Azerbaijan and Georgia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2008, Azerbaijan exported services to Georgia worth $29.7M, with Transportation ($13.1M), Construction services ($10M), and Services not allocated ($5.69M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Azerbaijan has comparative advantage over Georgia. Similarly, the more red a dot/product is, the more Georgia has comparative advantage over Azerbaijan.